Securing the right bond for your commercial contracting business is crucial to taking on bigger projects with confidence. Whether you're managing large-scale developments as a Commercial General Contractor (CGC1), handling smaller commercial jobs with a CGC2 license, or specializing in trades like electrical and plumbing as a Commercial Specialty Contractor, each bond level has specific requirements and coverage. For developers overseeing large commercial properties, the right bond ensures your financial interests are protected. Ready to take the next step in growing your business?
Commercial Contractor Bond Application
Commercial General Contractor Level 1 (CGC1) & Commercial General Contractor Level 2 (CGC2)
The CGC1 license allows a contractor to perform or oversee an unlimited range of commercial construction projects, including large-scale and complex projects like high-rise buildings, industrial facilities, and large commercial developments. CGC1s can manage projects of any size and type, including new construction, alterations, and repairs.
To qualify for the CGC1 license, applicants must have at least eight years of construction experience, with at least four years in a managerial or supervisory role.
A CGC2 license enables a contractor to perform similar work as a CGC1. However, the work is typically on smaller-scale commercial projects. To qualify for a CGC2 license, applicants must have four years of construction experience, with at least one year in a managerial or supervisory role.
Bond amounts: CGC1: $80,000 CGC2: $25,000
Commercial Specialty Contractor Level 1 (CSC1) & Commercial Specialty Contractor Level 2 (CSC2)
A CSC1 contractor is licensed to perform unlimited specialty work in their area of expertise, such as electrical, plumbing, HVAC, or other specialized trades, for commercial projects of any size or complexity. This could include large or complex installations, repairs, or maintenance tasks.
To qualify for a CSC1 license, applicants must have at least eight years of experience in the specialty trade, with at least four years in a supervisory or managerial role.
A CSC2 can perform commercial specialty work and typically work on smaller-scale projects.
To qualify for a CSC2 license, one must have four years of experience in the specific specialty, with at least one year in a supervisory or managerial role.
Bond amounts: CSC1: $55,000 CSC2: $25,000
Commercial Developer (CD)
A Commercial Developer is often involved in planning, financing, and coordinating large commercial construction projects, but they do not typically perform the actual work themselves. Instead, they hire licensed contractors to execute the construction.
CDs own the properties where work will be performed or have a financial interest. They must arrange for the construction work or improvement of small or large commercial real estate properties with the intent to sell them. A CD also must act in association with one or more licensed general contractors responsible for overseeing all phases of construction activity on the property.
Bond amount: $25,000